Bitcoin Price Drops to Four-Month Low Amid Banking Fears

Bitcoin’s price plummeted below $104,000 on October 17, 2025, marking its lowest point in four months. The drop was attributed to a combination of US regional banking concerns and aggressive selling by miners and large investors, known as whales. The market reacted sharply, with Bitcoin shedding nearly 3% in just one day, while Ethereum and Solana also experienced significant losses. This event underscores the volatility of the crypto market and highlights the potential risks associated with recent financial instability.